Record label owner Cody Leibel has placed a five-bedroom mansion he owns in the Beverly Hills, Calif. postal area -- also known as the BH PO -- on the market for $16,500,000.

In a Big Time Listings exclusive, we can report on Leibel's listing of the mansion, which came on the market on May 8. Leibel owns a record label known as C-Note Records.

[gallery link="file"]

Built in 1959 and recently rehabbed and expanded from 2,815 square feet to 5,427 square feet, the Hamptons Modern-style mansion has five baths, high ceilings, and walls of glass, according to public records and listing information. Outdoor features on the gated, acre-plus property include a quarter-mile-long driveway, a pool overlooking the forest, and a motor court for 20 cars, according to public records and listing information.

Records show that Leibel, who is the son of Canadian developer Lorne Leibel (who himself owns a 6,143-square-foot mansion in nearby Bel-Air), paid $9,205,000 to purchase the property in October 2007, suggesting that he has quite an optimistic view of this property.